Cooper Financial Group Trims Stake in BWX Technologies, Inc. $BWXT

Cooper Financial Group lowered its position in BWX Technologies, Inc. (NYSE:BWXT) by 22.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,095 shares of the technology company’s stock after selling 1,478 shares during the period. Cooper Financial Group’s holdings in BWX Technologies were worth $734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BWXT. Stone House Investment Management LLC purchased a new stake in shares of BWX Technologies in the first quarter valued at $31,000. Compass Financial Services Inc bought a new position in shares of BWX Technologies in the first quarter worth about $33,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock worth $35,000 after purchasing an additional 236 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings in shares of BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after purchasing an additional 100 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of BWX Technologies by 109.6% in the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company’s stock worth $46,000 after purchasing an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BWXT. Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the stock a “hold” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $150.00 price target (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. William Blair restated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Finally, Maxim Group restated a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.83.

BWX Technologies Stock Up 1.6%

Shares of BWX Technologies stock opened at $187.28 on Thursday. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 58.53, a PEG ratio of 4.18 and a beta of 0.78. The firm’s 50-day moving average is $168.11 and its two-hundred day moving average is $135.98. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.79 by $0.23. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies’s dividend payout ratio is presently 31.25%.

Insider Activity

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the completion of the sale, the chief executive officer directly owned 197,594 shares of the company’s stock, valued at approximately $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the sale, the senior vice president directly owned 10,149 shares of the company’s stock, valued at approximately $1,800,737.07. The trade was a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,953 shares of company stock valued at $5,359,758. Corporate insiders own 0.47% of the company’s stock.

About BWX Technologies

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.